Manufacturing activity in the Federal Reserve Bank of Kansas City’s region “rebounded, and producers were more optimistic than in previous months,” according to the bank’s monthly manufacturing survey for May, released Thursday.

“After softening a bit in April, factory activity accelerated in May back to rates of growth similar to what we saw earlier in the year,” said Chad Wilkerson, vice president and economist at the Federal Reserve Bank of Kansas City. “Price pressures also generally eased.”

The composite index increased to 9 in May from 3 in April, while the six-months-from-now composite rose to 17 from 12.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.